Bank Statement Loans for Self-Employed Individuals

Are you looking for a secure and reliable provider of self-employed bank statement loans in the US? You are in the right place. BankStatementMortgage.com introduces unique financing solutions and opportunities for borrowers just like you.

We are a Florida-based mortgage brokerage firm, licensed under the Office of Financial Regulation. Our specialty is providing innovative bank statement loans to creditworthy self-employed individuals who cannot qualify for loans from conventional lenders.

Let’s look past the complexities of non-QM loans in the US. With BankStatementMortgage.com, you can have the most straightforward loan assessment process like never before. Talk to our experts to know more about how our bank statement loans work and, more importantly, how they can work out for you.

How Our Self-Employed Bank Statement Loans Work

At BankStatementMortgage.com, we work closely with borrowers to demonstrate their creditworthiness. It doesn’t require a W-2 form, tax returns, or pay stubs. Instead, we follow a simple and credible assessment process. Specific loan programs are for different types of borrowers, including freelancers, contractors, and individuals who have received reduced gift money or family inheritance.

To apply for a loan, you must send us your 12- or 24-month bank statements, and the loan is subject to a minimum down payment of 10%. Depending on the amount of your loan, you can provide us with statements of 3, 12, or 24 months. With the right approach, you can secure a loan of up to $5M by providing your 12-month bank statement. You can also refinance your primary residence or investment property at 80% LTV or get a mortgage as a business owner with partial ownership of the business, for which you will provide the statements.

Advantages of Our Self-Employed Bank Statement Loans

The real difference we make is by looking at the actual cash flow of borrowers in the bank statements, rather than the income they report for tax purposes. Thanks to the straightforward process of our self-employed bank statement loans, borrowers who are often denied in the conventional mortgage industry can find an alternative way to qualify for loans, which often helps them secure larger amounts and better terms. Here are some reasons to refinance a property using only bank statements to qualify for the loan.

• Potential for consolidating high-interest debt and relief from recurring expenses
• You can refinance a second mortgage
• Simplified documentation focusing on cash flow, which works without the 4506T form or W-2 forms
• High loan-to-value (LTV) ratios of up to 90%, with lower down payment requirements
• You can secure decent amounts of loans even with a low credit score, and
• Options for interest-only loans, 40-year fixed terms, and cash-out refinancing up to 80% of property value.

Our Bank Statement Loan Programs

Coming down to our Bank Statement mortgage programs, they are all designed to fit unique financial situations with aggressive lending terms. We can provide up to $5 million. If you need a higher amount, then speak to us directly, and we’ll rethink the possibilities together.

• 3-Month Bank Statement Program: You can get anywhere between $200,000 and $3 million by showing us a 3-month bank statement. The credit score requirement for this program is 740, and a down payment of 25% of the loan amount is required. If you are taking the loan to buy a house, you can apply as a first-time buyer. Still, it is only available for primary residences, not second properties or investment properties. This program is also suitable for consolidating loans.

• 12-Month Bank Statement Program: You can secure an improved loan offer with this program. A higher loan amount of up to $4 million is available by sharing your bank statement for the entire year, along with a profit & loss statement. Borrowers with a credit score below 740 may apply and pay a 20% down payment on the loan amount. Most suitable for buying a home, either owner-occupied or investment property. Enjoy more flexible options of 5/1 ARM, 7/1 ARM, or 30-year fixed loan terms.

• 24-Month Bank Statement Program: This program is designed for property buyers, real estate investors, and business owners looking for higher amounts of up to $5 million. The key features of this program are up to 90% LTV and a low-down payment of 10%. You need to give us 2-year bank statements, both personal and business.

Discuss Your Lending Needs With Us

BankStatementMortgage.com has no reserves against borrowers, and we welcome all kinds of inquiries. Our financial solutions are here to bridge the gap. So, talk to our mortgage consultants to navigate our loan process and explore your options. Whether you’re purchasing your first home, refinancing, or investing in property, speak with us to learn how bank statement loans can open doors to better financing options for your business-driven income.